Gold Slides, Investors Lacking Confidence

Reuters reported that gold toppled almost one percent on Tuesday, as investors shed ETF asset holdings, bringing those levels down to lows not seen since September 2009.

As quoted in the market report:

Really what we need to see is a series of closes above $1,505 to take the pressure off,” he said, adding that a drop below $1,435 could trigger a favoured technical pullback to $1,300 and potentially even as deep as $1,245.

To view the whole Reuters report, click here.